Unit Co. (UNT) Receives Consensus Rating of “Hold” from Analysts
Unit Co. (NYSE:UNT) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.20.
UNT has been the subject of several research reports. Zacks Investment Research cut shares of Unit from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 19th. ValuEngine upgraded shares of Unit from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 20th.
Shares of Unit stock traded down $0.75 during mid-day trading on Monday, reaching $15.28. 365,671 shares of the stock were exchanged, compared to its average volume of 312,475. The stock has a market capitalization of $851.34 million, a P/E ratio of 15.28 and a beta of 2.73. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Unit has a fifty-two week low of $13.19 and a fifty-two week high of $29.06.
In other Unit news, insider Robert Parks sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $14.65, for a total value of $439,500.00. Following the completion of the sale, the insider now owns 76,195 shares in the company, valued at approximately $1,116,256.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.16% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in shares of Unit by 123.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,875 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 6,000 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Unit by 1.5% in the 4th quarter. American Century Companies Inc. now owns 116,630 shares of the oil and gas company’s stock valued at $1,665,000 after purchasing an additional 1,687 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Unit by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 563,315 shares of the oil and gas company’s stock valued at $8,044,000 after purchasing an additional 29,397 shares during the last quarter. Norges Bank bought a new position in shares of Unit in the 4th quarter valued at about $17,695,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Unit by 394.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,865 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 15,851 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties.
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